What’s Up with Real Estate? National news and local views for the week ending Friday, November 3, 2023
Very happy to deliver some good news to would-be buyers: mortgage rates just had a nice move downward! If you’ve put off buying (affordability) or selling (feeling locked-in by low mortgage rates), let’s have a discussion to make sure you’re ready to move when the time is right. What’s Up with Real Estate? National news […]
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Has the residential real estate market changed? For the better or worse?
By Mark Sprague, State Director of Information Capital A question Realtors, economists, real estate analysts, and more have been getting for the past 18+ months: Has the residential real estate market changed? For the better or worse? Contrary to owners/investors’ fears, the so-called “strong housing bubble” of the last 3+/- years has not burst (“bubble” in quotes because […]
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Should You Buy or Rent a Home?
In today’s competitive real estate market, you may wonder if it’s better to rent a place or buy a home. Purchasing a residence can provide more privacy and future investment potential, while renting allows for more flexibility and less maintenance. Both options have a myriad of pros and cons, but it ultimately will depend on […]
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Interesting how color can influence the human brain in a number of ways.
Color can influence the human brain in a number of ways Stagers typically recommend painting homes in neutral colors like beige or gray to appeal to more buyers. But that advice isn’t always true. Science has proven that up to 90% of homebuying decisions are influenced by color, which can have a greater impact on […]
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Understanding Title Insurance
Title companies are nothing new in the real estate industry. But do you understand their function and how vital they are to you? Title insurance is the inverse of other insurance coverages. Instead of assuming risk, title insurance companies eliminate the risk with a one-time payment, assuring the homeowner maintains the title as owner of […]
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Drought Causing Foundation Problems and What to do About it
Shared from an inspectors point of view on water or lack there of in a foundation and it’s health. Desiccation Cracks – my mud is cracking! Texas is hot and dry and as we are moving into September, we are seeing more and more desiccation cracks, which means that the soil itself is starting to […]
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Important Tip when Applying for a Mortgage
Shared by a local lender who takes great care of their clients!! Go to www.optoutprescreen.com before pulling your credit. The reason is so that you might be inundated with phone calls, texts, and emails from every mortgage company on the planet when pulling your credit. If you forget to do this FIRST, it cannot be […]
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Mortgage Rates Dip Back Down
July 20, 2023 The 30-year fixed-rate mortgage (FRM) dropped from last week’s average of 6.96% to an average of 6.78% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 6.78% as of July 6, 2023, up from last week when it averaged 6.96%. […]
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